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Moroccan Consortium Wins $1 Bln Bid for New Terminal at Mohammed V International Airport

The consortium composed of Moroccan construction companies SGTM and TGCC has won the $1 billion contract to build a new terminal at Mohammed V International Airport in Casablanca, according to press reports. The new terminal, to be built over 600,000 m², is expected to boost the airport’s capacity to over 30 million passengers annually, becoming […]

Egypt Gets $ 200 Million EBRD Loan for Power Plant Project

The European Bank for Reconstruction and Development (EBRD) has approved a US$ 200 million loan for the construction of a new 1.8 GW combined cycle gas-fired power plant in Damanhour, north west of Cairo. This loan will contribute to funding the US$ 1.3 billion total project cost, which is also being supported by the European […]

Namibia: Oil discoveries by Shell and Total are likely in billions of barrels

Namibian offshore oil and gas discoveries by the energy giants TotalEnergies and Shell are of commercial quantities, likely in the billions of barrels, the southern African nation’s mines and energy minister Tom Alweendo said. Both companies announced earlier this year that they had made “significant” discoveries offshore Namibia, which could make Namibia, the southern neighbor […]